BitMine Increases ETH Holdings by 317,000 Coins in One Week, Total Holdings Surpass $4.96 Billion, Making It the World's Third-Largest HODLer

By: theblockbeats.news|2025/08/11 20:22:03

BlockBeats News, August 11th, according to prnewswire, the US stock Ethereum strategy company BitMine Immersion Technologies (stock code: BMNR) announced today that its Ethereum (ETH) holdings have exceeded $4.96 billion. As of 10:59 PM EST on August 10th, the company holds 1,150,263 ETH (price $4,311 per unit, data source: Bloomberg), becoming the world's largest ETH reserve entity.

The company stated that since initiating the ETH reserve strategy on June 30th (with delivery completed on July 8th), BitMine has achieved several key breakthroughs in five weeks: not only establishing the world's largest ETH reserve, but also rising to become the world's third-largest crypto asset holder with a total encrypted asset size of over $49.8 billion, second only to MicroStrategy and Mara Blockchain.

Thomas "Tom" Lee, Chairman of the BitMine Board of Directors and Fundstrat analyst, known as the "Ethereum Bull Leader" of this bull market, stated: "The company increased its ETH holdings from 833,000 to 1.15 million coins in a week (value surged from $2.9 billion to $4.96 billion), rapidly advancing its Ethereum strategy. We are leading the industry in both per-share crypto asset net worth growth and stock liquidity."

-- Price

Claude Code founder's in-depth sharing at the Sequoia Conference: AI is downgrading "coding" to a basic skill, cross-domain product insights have become the new core barrier, traditional SaaS moats are completely collapsing, and the golden era of startups disrupting large companies has already begun...

The payment moment of AI agents: Who will become the Stripe of the machine economy?

Cryptographic infrastructure and card organizations are not mutually exclusive; the winner is the unified gateway that connects both tracks simultaneously.

Morning Report | MoonPay acquires Solana's execution layer DFlow; Strategy releases Q1 financial report; Manta Network announces the termination of Manta staking program

Overview of Important Market Events on May 6th

How MegaETH Achieved a TVL of 700m Within a Week of TGE? Analyzing the Packaging Strategy

MegaETH created a flywheel with USDm, aiming to attract a large number of users and funds in the short term.

Futures Trading Hours: Trade Cryptocurrency 24/7 and Earn Back Up to 45% in Trading Fees

Learn futures trading hours and the best time to trade crypto futures. Discover 24/7 market insights, peak trading sessions, and how to earn back up to 45% in fees.

Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?

This round of funding bets on the transition of cryptocurrency from the infrastructure development phase to the phase of real user adoption. Whether focusing on cryptocurrency or crossing over to AI, this real money will only flow to those places that can turn technology into products.

Polymarket Underlying Algorithm Explained

It may be the only article on Twitter that clearly explains all the underlying design of Polymarket in plain language.

What do projects born in the crypto bear market do?

From January to April, RootData has recorded over 1,070 new projects, a decrease of about 32% compared to the same period last year.

a16z founder's Stanford lecture: Whenever Wall Street and Silicon Valley have different ideas, it's Wall Street that ends up being wrong

Ben Horowitz, co-founder of a16z, delivered a powerful talk: The two traditional moats of software in the AI era have been erased, and entrepreneurs must seek "new barriers" beyond code and UI.

Michael Saylor: After three consecutive quarters of losses, Strategy will sell Bitcoin to pay dividends

After MSTR's financial report showed continued net losses, Saylor changed his stance: Bitcoin is no longer "never to be sold" and can be used as a payment tool.